Now, most school districts can't really afford organic food, but we, as a nation, have to start thinking about consuming, growing and feeding our children food that's not chock full of chemicals.

Indeed, the academic literature was chock full of models of financial bubbles, asymmetric information, incentive distortions, self fulfilling crises, and systemic risk. But, in the years leading up to the crisis, many economists downplayed these models lessons in favor of models of efficient and self correcting markets, which, in policy terms, resulted in inadequate governmental oversight over financial markets.